It took a few weeks to realize the QQQ moves up and down with earnings reports and news forecasts. I¨m a slow learner. I can only presume earnings reports have been down, for the past week or two?
I´m still holding on some CALLS that are long underwater. It is just the QQQ has not moved enough to really allow me to do anything with them. I sort of wanted .40 cent moves and all we have been getting is .12 cent to .25 cent moves. So sitting on my hands and waiting has been the plan. I kind of wanted to jump in with some PUTS and turn my CALLS into a STRANGLE, but it never happened.
In the meantime I have a condor in a paper trade though and also a horizontal calendar spread, to see what happens with them. I´m seriously wondering if I am going to recover from this past cash trade.
I fear a breakout down. My bet is up, if only for a little bit.